Browsing: Lending

Urban Money said it facilitated the disbursal totalling INR 15,370 crore in the last fiscal year through various channels including banks, housing finance companies, and non-banking financial companies (NBFCs). 

PayU’s 4.5 lakh+ merchant partners can now empower KreditBee’s 10 million customer base with the ability to convert their purchases into easy cardless EMIs, with a convenient 3-18 months loan tenure. KreditBee’s new & existing customers meeting the eligibility requirements will be able to avail this offer while shopping from brands associated with PayU.

Ashwini Anand, CFA, Founder and CEO, Monsoon CreditTech, “Our goal is to revolutionize lending using machine learning and artificial intelligence. We are driven to help create a world where every credit-worthy borrower gets access to adequate credit in a manner such that economic value is maximised for lenders, borrowers and society.”

The tie-up between Vyapar and Finbox is aimed towards enabling formal credit source for MSMEs ecosystem by embedding loan products in its app itself

The partnership will initially focus on making export finance readily available for small and mid-sized exporters and it will address the clear need for products which offer straightforward and fast access to capital.

The global trade finance gap is estimated to be around $3 trillion and problems like high shipping costs, uneven recovery of world economies from the COVID-19 pandemic, and geopolitical tension  continue to lead to global supply chain crisis.

In an insightful conversation with Bfsinxt, Pushkar Mukewar, Co-founder & CEO, Drip Capital, a trade finance fintech, shares his thoughts…

My biggest motivation comes from the customers I serve and the impact that we can see. Majority of our customers are entrepreneurs in their own way like me and hence I can empathise with them a lot more, said Shweta.

India’s BNPL Market Set to Touch a Staggering $40 billion By 2025: Redseer

The internal working group set up by the Reserve Bank of India (RBI) on November 18 submitted its report prescribing…